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Bella Protocol 114% | Bullish Altcoins Before The Action Starts!
BEL / Bitcoin
Long
Bella Protocol 114% | Bullish Altcoins Before The Action Starts!
By AlanSantana
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Nov 22, 2021
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Nov 22, 2021
BELBTC (Bella Protocol) has some bullish potential going on.
Yesterday we looked at some of the basics of trading altcoins and proof that many pairs are starting to move strong.
Today, we will be looking at pairs before they start to move up.
Remember, we spot the bullish potential on the chart but conditions can always change and prices move down instead of up.
Those that are already moving, up we go.
Those that we are going to looking at now have the potential to grow.
These can be bought with a very tight stop-loss.
Low risk and high potential rewards.
Let's get started!
BELBTC Chart Analysis
The red dashed line at the bottom defines the support level and/or the last low.
Here we hit it back in June.
A lower low now in October and then recently just three days ago a higher low.
The RSI is above 50; strong.
The MACD going bullish, soon enough.
So this one has potential.
Notice the word "potential".
If prices move and close below the red dashed line, that's our stop-loss.
If prices move up we win.
If prices move down, that's a loss.
Very simple, right?
Thanks a lot for your support.
Next...
Beyond Technical Analysis
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